Number of People Hurt In Ferry Mishap Rises To 40
The number of passengers injured when a P&O channel ferry rammed a dock in Calais has risen to 40, French emergency services said. Three people were seriously injured…
Relations Still Chilly At NY/NJ Port Authority
It may be the end of April, but there was no spring thaw at Thursday's board meeting of the Port Authority of New York and New Jersey. Port Authority commissioners…
Hyundai To Build Two For NOL
Neptune Orient Lines subsidiary American Eagle Tankers Inc. has contracted Hyundai Heavy Industries to build two new VLCCs. No financial details were given. The two double-hulled vessels…
Tanker Rates Plateau After 90% Surge
Middle East tanker charter rates, up more than 90 percent since the start of the year, appear to have reached a plateau, shippers said. Worldscale rates for chartering…
Russia To Renovate Icebreaker Fleet
Russia will renovate its entire fleet of five nuclear-powered icebreakers plying the vital northern shipping route by 2003 by extending the lifespan of their nuclear reactors…
Asian Piracy Takes Center Stage
This week's kidnapping crisis in the southern Philippines has thrown the spotlight on the growing problem of piracy in Asian waters, delegates at an international maritime conference said.
NY/NJ Port Authority To Vote On $3.9B Budget
Board members of the Port Authority of New York and New Jersey are reportedly scheduled to vote on a $3.9 billion budget. The agenda includes reelection of top officers…
Mitsui O.S.K. Orders Five Containerships
Japan's Mitsui O.S.K. Lines Ltd. (MOL) has ordered three 6,000-TEU containerships from Ishikawajima-Harima Heavy Industries Co. (IHI). Both companies declined to comment on the contract terms…
OceanConnect, Clarksons Join Forces
Online marine fuel supplier OceanConnect on Wednesday signed a strategic alliance with ship broking group Horace Clarkson Plc. Clarksons, the world's biggest shipbroking…
Westbound Tanker Markets Strengthening
Westbound tanker markets from the Middle East are strengthening while eastern charterers take a break, brokers said. Mideast-U.S. Gulf rates are running at about…
Bulker Gets Bow Repairs In Toledo
The U.S.-flagged bulker J.A.W. Iglehart is tied up in front of the shipyard dry-docks in Toledo, Ohio, undergoing bow repairs caused by a recent grounding in Detroit.
OPEC Production Up 773K/bpd
OPEC oil production looks likely to rise by 773,000 barrels a day in April including 225,000 bpd from Iraq, a leading tanker tracker told clients on Wednesday. Petrologistics…
Transocean Sedco Forex Inc. Reports First Quarter 2000 Results
Transocean Sedco Forex Inc announced that net income for the three months ended March 31, 2000 was $32.5 million on revenues of $300.8 million. The results include a cash settlement of $25.1 million…
COSCO Launches New Shipping Service
China Ocean Shipping Corporation (COSCO) Container Lines has launched a weekly shipping service from Shanghai to Japan and the U.S. east coast. Operated jointly by COSCO…
Romanian Yard To Cut Losses Ahead Of Sell-off
State-run Romanian Black Sea shipyard Santierul Naval Constanta expects to cut losses this year and to upgrade facilities to make it more attractive ahead of its sell-off, an official said.
EU Extends Shipping Consortia Competition Waver
The European Commission extended for five years a block exemption allowing shipping companies to form consortia covering the transport of cargo. The Commission said…
French Parcel Bomb Could Be Linked To Erika Spill
French police found a parcel bomb near an Elf motorway service station last week, and a government official said it could have been meant as a protest against the oil spill from the tanker Erika.
Alaska Lawmakers Mull Cruise Passenger Fee
Cruise companies would pay a fee of $50 for each passenger sailing Alaskan waters under a bill being considered by the state legislature. The bill, which passed…
France Wants Black Boxes For Tankers
Searching for ways to avoid oil spills, France has proposed installing a "black box" on tanker ships to track what they are carrying and whether they empty their bilges illegally on the high seas.
Royal Caribbean's First Quarter Net Rises 17 Percent
Royal Caribbean Cruises Ltd., a leading cruise ship company, on Monday reported a 17 percent rise in first-quarter net income. The company posted a net income of $105.5 million for the first quarter.
